Leaked BYD Letter Signals China EV Price War Is Set to Intensify
BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.
BYD asks suppliers to cut prices as China auto war intensifies
BEIJING (Reuters) -Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate. Citing a leaked email dated Nov.
China’s EV price war set to intensify next year as BYD squeezes suppliers
The carmaker urged its suppliers to send over their quotes by December 15 and officially mark down prices starting next year, executive vice-president He Zhiqi wrote in an email circulated on social media on Wednesday.
Leaked BYD Note Signals EV Price War About to Intensify
We'll start with BYD and these potential price cuts. What level are we talking about here and what does this mean for both the Chinese EV market and the global? Who would even be riding with its advantages in supply chain and battery technology?
China's 4S dealerships face mass closures amid price wars and EV surge
China's 4S dealership model, once a cash cow in the early 2000s, is unraveling under mounting pressure. The sector, which peaked around 2017, has been hit hard by fierce price wars and a market pivot toward domestic new energy vehicles (NEVs).
Electric vehicle deal with China is not close, top EU trade official says
Fifty hours of negotiations ‘have not led to an agreement on price undertakings’, Sabine Weyand, EU director general for ...
After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the ...
Electronics Purchasing and Supply News1d
China’s EV Prowess Disrupts U.S. & EU Car Makers
The European EV industry faces significant challenges, including intense competition from Chinese EV and battery ...
GlobalData on MSN2d
EU-China electric vehicle tariff negotiations near resolution – report
Separately, Beijing has instructed its auto manufacturers to pause investments in EU countries supporting additional tariffs.
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of ...
EU, China close to agreement over EV import tariffs, leading MEP says
Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the ...
What Elon Musk Needs From China
From electric cars to solar panels, Mr. Musk has built businesses in high-tech manufacturing sectors now targeted by Beijing ...
Will Trump’s plan to kill the EV tax credit help China?
As the incoming Trump administration prepares to make aggressive cuts to government spending, one major provision of the ...
EV Battery Maker Calls for Cheaper EU Energy to Counter China
The South Korean owner of the European Union’s largest factory of electric-vehicle batteries called on the bloc to reduce ...
Iowa Public Radio5d
How will China impact the future of climate change? You might be surprised
As a new Trump administration signals a retreat on climate action, China is stepping up. China is the biggest producer of ...
CCN on MSN4d
Can China’s Crowded EV Market Find Room for Growth Amid Western Restrictions?
In the last decade or so, a string of Chinese electric vehicle (EV) makers has emerged. However, their growth so far has been ...